Disagree, there’s no much to infer here imo. The large dip was due to anomaly (covid) and eventually got pretty much back to previous trend
NathanLezpona
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@BonoboJoJo, Yeah but we may be having another anomaly here soon, rate hikes. Who knows though.
paxDeFi
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@BonoboJoJo what do you mean bro, the patterns literally the exact same lmao
BonoboJoJo
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@paxywaxy I mean that the assumption we would have such a huge drop off again just because it’s a similar chart pattern does not make sense given that the trigger for the prior drop was not the pattern, but a very uncommon event which we have no reason to believe will repeat in the same way
@BonoboJoJo, yeah bro idk about that, if you truly believe in technical analysis you will believe that these "events" dont matter, and price will just move how it does on the chart, as a fractal, repeating patterns, making new ones, etc, and we can use this as estimates
BonoboJoJo
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@NathanLezpona sure, there will always be “another anomaly” as that is the world of uncertainty that we live in, but there is no reason to believe it will have anything to do with these chart patterns looking similar. It’s just increasing volatility over time creating a broadening wedge.
SDlektric
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@BonoboJoJo Wake up - the war on Ukraine is more sever than Covid. Wait till sanctions really kick in.